Court Denies Section 80P(2) Deduction for Assessee Engaging in Banking with D Class Nominal Members, Not Credit Society Eligible.

Court Denies Section 80P(2) Deduction for Assessee Engaging in Banking with D Class Nominal Members, Not Credit Society Eligible. https://www.taxtmi.com/highlights?id=52569 Denial of deduction u/s 80P(2) - assessee is in the Banking business accepts the deposits from the general public being D Class nominal members and also lend the funds - eligibility of nominal members - the nominal members are also eligible for the Benefits of credit society. en-us Thu, 26 Mar 2020 12:29:05 +0530 Thu, 26 Mar 2020 12:29:05 +0530 TaxTMI RSS Generator Court Denies Section 80P(2) Deduction for Assessee Engaging in Banking with D Class Nominal Members, Not Credit Society Eligible. https://www.taxtmi.com/highlights?id=52569 Denial of deduction u/s 80P(2) - assessee is in the Banking business accepts the deposits from the general public being D Class nominal members and also lend the funds - eligibility of nominal members - the nominal members are also eligible for the Benefits of credit society. Highlights Income Tax Thu, 26 Mar 2020 12:29:05 +0530 https://www.taxtmi.com/highlights?id=52569